BUZZ-India equity benchmarks set for steepest weekly drop in 3 months on renewed tariff worries

** Nifty 50 .NSEI, Sensex .BSESN down 0.5% each; set for fifth session of losses

** Benchmarks down about 2.3% so far this week; set for biggest weekly pct drop in more than three months

** Of 16 major sectors, 12 trading lower on the day; small-caps .NIFSMCP100, mid-caps .NIFMDCP100 down 0.6% and 0.1%, respectively

** U.S. tariff uncertainty weighs on sentiments as Donald Trump backs bill, authorising tariffs of up to 500% on countries buying Russian oil

** Meanwhile, investors await U.S. Supreme Court ruling on legality of Trump's tariffs

** Elecon Engineering ELCN.NS slumps 17% after Q3 profit drop


(Reporting by Vivek Kumar M)

((VivekKumar.M@thomsonreuters.com;))

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